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 Form 8288 Rev August U S Withholding Tax Return for Dispositions by Foreign Persons of U S Real Property Interests 1998

1998-2025 Form

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Video instructions and help with filling out and completing Form 8288 Rev August U S Withholding Tax Return For Dispositions By Foreign Persons Of U S Real Property Interests

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Instructions and help about Form 8288 Rev August U S Withholding Tax Return For Dispositions By Foreign Persons Of U S Real Property Interests

hey there youtube so in this video i want to cover u.s source for dap income and the potential withholding taxes that apply here when they're being paid to non-us investors or owners right so i've got some very simple examples here covering what i think are kind of the top three u.s sources of adapt income obviously there's many more i'll kind of touch on that later but this is just high level information on what you need to be cognizant of if you have a u.s company non-us owners what kind of taxes might apply so just some of the basics in the background here what is fidap income that is an acronym for a fixed determinable annual or periodical income right so this is income that's not connected with a trader business and it includes primarily passive income so not connected with a trader business is key here right so if you have trader business income so you're selling products or services you have gross revenues receipts you have expense

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